Designed to generate and process standard FpML messages, TradeHeader’s FpML Trader demonstrates the benefits of using a common standard in transaction processing and workflow. The product’s utility is defined in terms of different products and processes – for example:
- The product supports vanilla interest rate swaps.
- The process supported is the trade execution advice. The main scenario is the communication between Investment Managers (IM) and Custodians. An IM would send the trade details that it has done with another party to the Custodian bank. The Custodian bank needs the trade data in order to manage the IMs accounts.
- The application integrates HandCoded‘s Toolkit for FpML Processing open source validation rules engine.
- The FpML Trader is developed in collaboration with fastzink.
See below a demo presentation of the FpML Trader (watch it in full screen with at least 720p):